National Australia Bank
Business gloom worsens to 2001 levels
Business conditions slumped in July to levels not seen since the aftermath of the 2001 US terrorist attacks, as declining sales signal a broad pull-back in the economy.
Sweet Relief In Asia At GSE Bailout
U.S. government takeover of Fannie Mae and Freddie Mac sparks sharp rally in Asian equities and resurgence in forex risk appetite, but U.S. Treasuries sell off.
Moody's downgrades NAB's outlook
Ratings agency Moody's Investors Service has downgraded its outlook on National Australia Bank Ltd's credit rating to negative, from stable.
NAB won't rule out St George bid
National Australia Bank chief executive John Stewart has not ruled out making a counterbid for St George Bank.
NAB's Anzac Day rate rise 'lousy': govt
Federal Treasurer Wayne Swan says the National Australia Bank was "lousy" to announce an interest rate rise on Anzac Day.
NAB ups standard variable rate to 9.46%
National Australia Bank has lifted its variable mortgage interest rates by 10 basis points.
NAB breaks rank to lifts rates again
National Australia Bank Ltd has broken ranks with the major banks and lifted its standard variable home loan by another nine basis points.
Ratings downgrade not appropriate: NAB
NAB chairman Michael Chaney says the financial institution is in "very strong" shape and a downgrade of the company's credit rating is inappropriate.
Asian Traders Hope Bailout Is More Than A Patch
U.S. government takeover of Fannie Mae and Freddie Mac sparks spirited rally in Asian equities and resurgence in risk appetite, as U.S. Treasuries and Japanese government bonds sell off.
NAB lifts rates to 9.46%
The National Australia Bank has lifted its variable mortgage interest rates by 0.1 percentage points, raising its standard variable home loan rate to 9.46%.
Banks pull stocks higher
The stock bounces back after Wall St is buoyed by a drop in the oil price and positive consumer confidence data.
07/29/08
Similar news about ANZ Bank
ANZ says provisions seen at A$1.2 bln...
Reuters - Australia and New Zealand Banking Group
, Australia's third-biggest lender, said on Monday it
was likely to book provisions of around A$1.2 billion ($1.1
billion)...
07/28/08
Similar news about ANZ Bank
ANZ Crunched
Shares fall 10% after it warns it will make $1B in provisions for bad loans for the second half.
ANZ shares plunge 9%
Investors have hammered ANZ Bank after it flagged $1.2 billion in bad debt provisions for the 2008 second half.
ANZ stock savaged after $1.2b hit
ANZ BANK'S annual profit is set fall by as much as $800 million to $3.1 billion after the company warned its second-half results would be hit by increased bad debts and soured...
07/28/08
Similar news about ANZ Bank
Dollar stuck near 3-week lows on bank...
The Australian dollar was on the defensive near three-week lows today after troubles at another domestic bank encouraged investors to price in a greater chance of lower interest...
Australia's Commonwealth Bank eyeing BankWest: report (Reuters)
Reuters - Commonwealth Bank of Australia (CBA) , the country's No. 2 bank by assets, may offer over A$6 billion ($5.2 billion) to British bank HBOS for its Australian unit BankWest, the Australian newspaper reported on Monday.
ANZ says provisions seen rising to A$1.2 bln in H2 (Reuters)
Reuters - ANZ bank , Australia's third-biggest lender, issued a profit warning on Monday, forecasting more than $1 billion in bad debt charges, as the global credit crisis started to hurt the country's previously buoyant banks.
Dollar nears 3 week low
The Australian dollar is weaker as the US currency gains strength from a trio of better-than-expected data.
NAB lifts rates
NAB follows other major banks in lifting its lending rates despite the RBA having kept its rates on hold.
NAB gains $221m from Visa float
National Australia Bank expects an after-tax gain of approximately $221 million from its shareholding in Visa Inc, following its float on the NYSE.
Banks may follow St George's lead
It could be costly for Australia's top four banks not to raise their mortgage rates again, analysts say.
Analyst urges banks to raise rates
Australia's top four banks could lose a combined $500 million if they don't again raise their standard variable home loan rates, says investment bank JP Morgan.
Big four banks split on rates outlook
Borrowers beware - two of Australia's big four banks still think an August interest rate rise is likely.
Banks turn to Future Fund for cash
Cash-strapped banks are tapping Australia's sovereign wealth fund to raise new finance as traditional sources of funding dry up in the ongoing global credit crisis.
Chinese Markets Battered By Beijing's...
Shanghai Composite index drops nearly 8%, to its lowest level in a year, while the Hang Seng falls more than 4%, after PBOC raises reserve requirement ratio for fifth time this...